ENTERPRISE RESOURCE PLANNING
ABSTRACT:
With tremendous growth of global trade of flexible business information system that quickly response to rapid changes and customer needs (Due to technology development which has greatly shortened product – life cycle), if it has to complete in the world market. “A successful Enterprise will be the one which is able to most effectively gather. The vital information and quickly act upon it”.
To be successful in the present and future world market, a high level of interaction and co-ordination along the entire supply line is essential. This is the basis of ERP. ERP has closed – loop, totally integrated and on-line solution. ERP caters to the information requirements of the entire enterprise and tries to provide a “Total solution”, that is, it is a business solution. ERP packages can be applied to all types enterprises like manufacturing, service, banking insurance etc. The main benefits ERP is it reduces quality cost, enhances greater flexibility, increases manifold in business and hence results in improved and better customer satisfaction and vendor performance.
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